Group 1 - The core viewpoint of the article highlights a new wave of share buybacks among Hong Kong tech companies, particularly focusing on AAC Technologies, which has repurchased nearly 6 million shares in a short span from October 1 to December 11, 2025 [1] - AAC Technologies initiated a $100 million automatic buyback plan starting December 2024, which was completed by April 2025, and announced an intention to repurchase up to HKD 12 billion [1] - From the beginning of 2025 to December 11, AAC Technologies has repurchased over 27 million shares, amounting to HKD 1 billion, demonstrating a strong commitment to investors and confidence in its own and industry prospects [1] Group 2 - In recent years, AAC Technologies has been active in mergers and acquisitions, including the acquisition of Dongyang Precision and the renowned optical waveguide design company Dispelix, which holds nearly 300 patents and has a team with a significant proportion of PhD holders [1] - The acquisition of Dongyang Precision in 2019 has opened new growth opportunities in the overseas laptop casing business, contributing to the company's expansion into new industries [1] - The company's financial report indicates a free cash flow of HKD 2.95 billion for 2024, with performance and cash flow continuing to improve, alongside a rich layout in hardware for leading AI model companies [1]
瑞声科技(02018.HK)近期回购600万股，收购AR设计领先厂商开启新增长